Claim game: The calculations behind the insurance of athletes

[boutons_deux]

"The NBA’s policy, run by the BWD Group, costs a modest 4% of salaries,

though it is obligatory only for a club’s top five players and

has limited exclusions for pre-existing conditions."

https://www.economist.com/finance-an.../26/claim-game

KL certainly has a chronic (repeated, repeatable), pre-existing condition.

Is he even insurable?

[ducks]

HAS TO BE THE LAW YOU KNOW

[exstatic]

"The NBA’s policy, run by the BWD Group, costs a modest 4% of salaries,

though it is obligatory only for a club’s top five players and

has limited exclusions for pre-existing conditions."

https://www.economist.com/finance-an.../26/claim-game

KL certainly has a chronic (repeated, repeatable), pre-existing condition.

Is he even insurable?

The insurance only covers the salary, which remains on the books unless the player retires and stays retired for a set period of time. The Spurs wouldn't lose the money, but they'd have zero flexibility to add any really good FAs.

[Russ]

"The NBA’s policy, run by the BWD Group, costs a modest 4% of salaries,

though it is obligatory only for a club’s top five players and

has limited exclusions for pre-existing conditions."

https://www.economist.com/finance-an.../26/claim-game

KL certainly has a chronic (repeated, repeatable), pre-existing condition.

Is he even insurable?

A person with pre-existing conditions is insurable, just subject to exclusions.

In any event, it would seem that KL has no pre-existing condition as to the Spurs, but might as to a new team.

[Seventyniner]

You'd think that by now the league would negotiate with a large insurer to cover all NBAPA members as a class so that large costs wouldn't be borne by individual teams or players. That's one of the principles of insurance after all.

[Russ]

You'd think that by now the league would negotiate with a large insurer to cover all NBAPA members as a class so that large costs wouldn't be borne by individual teams or players. That's one of the principles of insurance after all.

That's what Obama tried to do for the whole country and he's never heard the end of it.